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Definition: Snapcash


A peer-to-peer (P2P) payment system for transferring cash while logged into Snapchat. By typing a "$" as the first character of the message, the Snapchat app's Send button turns into a green dollar sign. Powered by the Square Cash service, the transfer is made between the debit cards of the sender and recipient via their Snapchat IDs. See Snapchat and P2P payments.